Are There Walmart Stores That Are Still Called Super Walmart Or Are They All Just Walmart Now

Are There Walmart Stores That Are Still Called Super Walmart Or Are They All Just Walmart Now – The history of Walmart, an American discount department store chain, began in 1950 when businessman Sam Walton purchased a store from Luther E. Harrison in Bostonville, Arkansas and operated Walton’s 5 and 10.

The original Walmart chain was founded in 1962 with a single store in Rogers, by 1968 it had expanded beyond Arkansas and in the 1980s throughout the rest of the southern United States, eventually having stores in every state in the United States. United States and the first stores in Canada. Until 1995.

Are There Walmart Stores That Are Still Called Super Walmart Or Are They All Just Walmart Now

At some point, Sam Walton decided to achieve higher sales volume by keeping selling prices lower than his competitors by reducing the profit margin. Inspired by the success of other discount department store chains, Walton opened a second store that year in Harrison, Arkansas. Walton’s assistant Bob Bogle, responsible for purchasing and maintaining the labels, came up with the name “Wal-Mart” for the new chain.

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By 1967, the company had grown to 24 stores throughout the state of Arkansas and had $12.6 million in sales, and in 1968, the company opened its first stores outside of Arkansas in Sikeston, Missouri and Claremore, Oklahoma.

The company’s first stock split occurred in May 1972 at a market price of $47 (~$234.00 in 2021). By then, Walmart operated in five states: Arkansas, Kansas, Louisiana, Missouri and Oklahoma, expanding to Tennessee in 1973 and Kentucky and Mississippi in 1974. When the company expanded to Texas in 1975, it had 125 stores with 7,500 employees and sales totals of $340.3 million (~$1.35 billion in 2021).

By 1977, Walmart had expanded into Illinois and made its first corporate purchase, assuming ownership and management of Mohr-Value stores operating in Missouri and Illinois.

This was followed by the purchase of Hutcheson Shoe Company in 1978. That same year, Walmart also expanded into several new markets, establishing its pharmacy, auto service, and jewelry departments.

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In 1981, Walmart expanded into the southeastern U.S. market, opening stores in Alabama, Georgia, and South Carolina and acquiring 92 Kuhn’s Big K stores. In 1982, it expanded into Florida and Nebraska.

In April 1983, the company opened its first Sam’s Club store, a membership-based discount warehouse club, in Midwest City, Oklahoma. They also expanded into Indiana, Iowa, New Mexico, and North Carolina, introducing “human greeters” in all of their stores. The first stores opened in Virginia in 1984.

In 1985, the 882-store company with $8.4 billion in sales and 104,000 employees expanded into Wisconsin and Colorado, with the first stores opening in 1986 in Minnesota.

When the company turned 25 in 1987, there were offices for inventory tracking, sales, and instant communication with the store.

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Continuing to improve technology, by 1988 they had equipped 90% of their stores with barcode readers to further help track their large inventory.

In February 1988, company founder Sam Walton resigned as CEO and David Glass was named his successor.

Walton remained chairman of the company’s board of directors, and the company also restructured its previous management positions and promoted a group of executives to positions of greater responsibility.

Also in 1988, the first Wal-Mart Supercter opened in Washington, Missouri. The Superkter concept includes everything your average Walmart discount store has, plus a tire and oil change, an optical center, a one-hour photo processing lab, a portrait studio and many stores, such as banks, convenience stores. cell phones, hair salons. . and nail salons, video stores and fast food places.

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Although it did not surpass K-Mart and Sears in terms of value of items purchased until late 1990 or early 1991.

By 1988, Walmart operated in 27 states and later expanded to Arizona, Michigan, Ohio, West Virginia, New Jersey and Wyoming. By 1990, they had expanded to California (officially making Walmart a fully national retailer), Nevada, North Dakota, Pennsylvania, South Dakota, and Utah. A Walmart visitor center also operated this year on the site of the original Sam Walton store.

The 1990s saw a period of wild growth of unprecedented proportions and the incorporation of many new ideas and technologies into business.

By 1990, sales in the United States had quadrupled to $32 billion compared to the previous five years [4] and Walmart acquired The McLane Company, a food distributor,

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In 1991, the company expanded to Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire and New York. Walmart expanded globally this year with the opening of its first store outside the United States in Mexico City. They also took over Western Merchandisers, Inc. of Amarillo, Texas. 1991 also saw the introduction of Sam’s American Choice brand of “Made in America” ​​products.

Logo used from 1992 to 2008. This logo is still used in many places as hundreds of stores change to the newer logo. They still use this logo on semi-trucks. The first version of this logo used a hyphen instead of an asterisk.

On March 17, 1992, US President George H.W. C. Bush awarded Sam Walton the Presidential Medal of Freedom. Walton died on April 5, 1992. His eldest son, S. Robson Walton succeeded him as chairman of the company’s board of directors on April 7, 1992. By this year, Walmart had a presence in 45 states, which by then was had expanded to Idaho, Montana, Oregon and Puerto Rico.

In 1993, Walmart’s International Division was founded, with Bobby Martin as president. The company has also expanded to Alaska, Hawaii, Rhode Island and Washington. Its stores also reached $1 billion in sales in one week in December 1993.

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In 1994, the National Advertising Review Board questioned Walmart’s “always low price.” “Always,” saying so suggests that Walmart’s prices are always the lowest and could mislead some shoppers. In response, Walmart adopted a new slogan: “Always low prices. Always.”

Also in 1994, the Code Adam program was introduced in Walmart stores. That same year, Walmart purchased 91 Kmart PACE membership warehouse clubs and 122 Woolco stores in Canada in 1994. In addition, it operated 3 value clubs in Hong Kong and had 96 stores in Mexico.

In 1995, Walmart had 1,995 discount stores, 239 supercenters, 433 SAM’S CLUBS, and 276 international stores with sales of $93.6 billion (~$154 billion in 2021) (including US sales of $78 billion) and 675,000 employees. Walmart expanded in its last state (Vermont) and also expanded into South America with three new units in Argentina and five in Brazil.

The company entered the Chinese market in 1996 through a joint venture agreement. In 1996, a Walmart location in Dickson City, Pennsylvania, closed after the building was damaged by a rockfall (the location was replaced the following year by a larger one in another part of Dickson City). The location was purchased by neighboring Wegmans and demolished. in 2016.

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In 1997, Walmart replaced Woolworths on the Dow Jones Industrial Average. The company had its first year of $100 billion in sales, with total sales of $118.1 billion. Also this year they purchased 21 Wertkauf stores in Germany and introduced OneSource nutrition centers.

In 1998, Walmart introduced the Neighborhood Market concept in three Arkansas stores. Neighborhood Market stores are primarily grocery stores and are designed to attract customers with easier parking, less congestion and faster checkout compared to an average grocery store. Internationally, Walmart enters South Korea by purchasing 4 stores operated by Korea Makro.

Also in 1998, Walmart launched its Wal-Mart Television Network, a major in-store advertising network that featured advertisements for products sold in stores, concert footage and music videos for music media, trailers for upcoming movie releases, and news stories.

The Asda chain in the United Kingdom became a branch in 1999 and is the second largest chain in the United Kingdom after Tesco.

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In 2000, Lee Scott was named president and CEO, and U.S. sales doubled to $156 billion since 1995. That same year, Fortune magazine ranked Walmart fifth on its Most Admired Stars list. , and in 2003 and 2004 it was named the most admired company in the United States.

In 2002, Walmart conquered the Japanese market by acquiring a minority stake in the Seiyu Group, which in 2008 became a wholly owned subsidiary of Walmart.

In 2005, Walmart had $312.4 billion (~$423 billion in 2021) in sales, more than 6,200 locations worldwide, including 3,800 US stores and 3,800 international locations, and more than 1, 6 million employees worldwide. Its presence in the US grew so quickly that there were only small areas of the country that were more than 60 miles from the nearest Walmart.

Approximately 138 million shoppers visit Walmart stores worldwide each week. His corporate philanthropic efforts also helped U.S. hurricane relief efforts with $18 million in monetary donations. With the purchase of shares of the Central American Retail Company (CARHCO), Walmart also entered the countries of Guatemala, El Salvador, Honduras,

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